19th Jan 2015 07:54
LONDON (Alliance News) - Digital marketing services company XLMedia PLC on Monday said it expects to beat market expectations for the year on the back of strong organic growth and a boost from recent acquisitions.
XLMedia said it expects its revenue for the year to December 31 will be at least USD49.5 million, with its earnings before income, taxation, depreciation and amortisation to be at least USD16.6 million. That would mean a rise in revenue of around 43% for the year and a rise in earnings of 24%, ahead of market expectations.
The group said 50% its current revenue run rate is coming from its media channels, where it saw strong demand over the year and where it expects strong demand to continue next year.
It said its recent acquisitions have performed in line with or ahead of its expectations, boosting its presence in regulated markets and providing it with exposure to new verticals, including social gaming.
In September, XL acquired social and mobile gaming marketing company ExciteAd Digital Marketing Ltd for up to USD19 million in cash and shares. Prior to that it made bolt-on acquisitions including a Scandinavian website network and a UK sports betting website.
By Sam Unsted; [email protected]; @SamUAtAlliance
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